SPMRF Round Table Week (18 November to 25 November)

Salient Points of PM Narendra Modi’s address at the Ease of Doing Business event on 04 Nov, 2017

I am very happy to be here today. I sense a well-deserved mood of celebration here.

The World Bank has recognized the stupendous work done by us towards improving Ease of Doing Business.

We are now among the top hundred countries in the Doing Business rankings. In a short time of three years we have improved forty-two ranks.

I thank Ms. Kristalina Georgieva for being with us on this joyous occasion.

It shows World Bank’s commitment to encourage nations to undertake reforms which benefit society and economy.

Her presence today will motivate our team to do even better in the coming days and months.

Over the last three years, I have been constantly telling the domestic and foreign investor community that we in India are making sincere efforts to improve ‘ease of doing business’.And Friends! India has Walked the Talk.

This year, India’s jump in ranking is the highest. India has been identified as one of the top reformers. Congratulations to all who have worked for this. You have done the nation proud.

This improvement is important:

  • Because it is an indicator of Good Governance in the Country;
  • Because it is a measure of the quality of our public policies;
  • Because it is a benchmark of transparency of processes;
  • Because, ease of doing business, also leads to ease of life;
  • And, ultimately, it reflects the way people live, work and transact in a society.

We are a young country and job creation is an opportunity as well as a challenge. Therefore, to leverage the energy of our youth, we are positioning India as a Start-up Nation and a global manufacturing hub.

We have launched various initiatives, such as Make in India and Start-up India.

Through these initiatives, combined with the new eco-system of a formal economy and a unified tax regime, we are trying to create a NEW INDIA.

An India where opportunities are created and harnessed to the advantage of the needy. We are particularly keen to develop India into a knowledge based, skill supported and technology driven society.

A good beginning has been made through the Digital India and Skill India initiatives.

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